Does Term Life Insurance Cover Accidents?

Yes, a term life insurance policy does provide coverage for accidents.

Term life pays out a death benefit for death caused by natural causes and accidents.

So, if you die as a result of an accident, your beneficiary would receive the death benefit from your term life insurance policy, as long as:

1. The premiums were paid.

2. The term life policy was "In Force" at the time of your death.

3. No exclusions applied to the accident that caused your death.

NOTE: Some life insurance policies may apply exclusions for certain high risk activities, so if you died as a result of those excluded activities, there would not be a death benefit paid out on your life insurance policy.

I addition, there are accidental death insurance policies that provide protection only for death resulting from an accident. The rates on these insurance plans are less than regular life insurance that covered natural causes and accidental death.

In fact, you may buy up to $1,000,000 of accidental death insurance online with no medical exam and no health questions.